1 / 11

Taking More Contro l

This document discusses the four options assessed by the board for the future management of Roupell Park and highlights the benefits and risks of self-financing. It outlines the need for a business plan, the continuity of being a council tenant, and the potential for greater control over services and investments. While nothing has been decided, further investigation into self-financing is being considered.

rebekahp
Télécharger la présentation

Taking More Contro l

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Taking More Control OPTIONS FOR FUTURE MANAGEMENT OF ROUPELL PARK

  2. BACKGROUND • Business Plan • Board assessed 4 options • Do nothing • Self Financing • Stock transfer to stand alone HA • Stock Transfer to an existing HA. • Agreed to take forward further investigation of Self Financing

  3. NOTHING IS DECIDED! • Series of stages • Can stop at any stage • Will need final agreement of Council

  4. SELF FINANCING – WHAT IT DOESN’T CHANGE! • Council owns estate • You remain a Council Tenant or Leaseholder • You keep your Secure Tenancy • The Council sets rents • We remain a Resident Management Organisation • We would hold a continuation ballots

  5. WHAT IS SELF FINANCING • At the moment the Council collect all rent and service charges and pay an allowance • With Self financing we keep all rent and service charges • We take on all roles and responsibilities including major repairs • We have greater choice as to how we deliver services • Accountable to Council • Accountable to you

  6. How do we afford it NOW • Current allowance is £1,322,125. • Assumed allowance in 2047 £3,368,164 • Cumulative surplus over period of plan £8,660,380 SELF FINANCING • Assumed income 2019 £2,934,392 • Assumed Income 2047 £7,625,988 • Cumulative surplus over period of plan £31,158,096

  7. PLANNING FOR THE FUTURE • Stock Condition Survey • Review every 5 years • Tells us what we need to spend and when and how much • 30 year business plan • Estimate £12,573,837needed for major works (our estimated surplus is £31,158,096)

  8. BENEFITS • We know what needs to be done and when • We know how much work will cost • Leaseholders know future costs and can budget • You help to draw up the specification of works • Residents can choose the contractors • We can ensure that necessary work is done • We can deliver the services you want and can tailor them to our needs

  9. RISKS • Poor Planning • Poor Management • Increased costs • Reduced surpluses Mitigation • Ongoing Council oversight and ownership • Independent Board members • Accountability • Continuation Ballot

  10. WHAT HAPPENS NEXT • Drop in sessions – 16/17 October • Further newsletters and flyers • Door knocking by Board • Test of Opinion – from 21 October • If +ve discussions with Council • Detailed business planning • Final presentation of plans to Council for Approval • If going forward looking for new arrangements in April 2020

  11. CONCLUSION • Nothing is decided • Ownership remains with Council • Remain tenants and leaseholders of Council • We have more control • We can plan properly for future investment • We ensure you know what is happening, when and how much it will cost • You decide

More Related